Your Coin
About Your Coin
How it works
One asset one coin
When you think of a traditional coin, a quarter, Euro, Looney, you think of a single piece of metal with a specific value that everyone can agree upon. We based our currency on that principal, each coin has a specific value. That value does not change, it is not speculative, it is a constant from the time it is created until the time it is destroyed.
Each coin has three seperate ledgers, with three seperate purposes. The first ledger tracks every transaction, from creation to destruction for the coin. The second ledger holds a running list of hash values from each of those transactions. The final ledger is the owners list, a running list of every account that has owned the coin at one time.
When a transaction occurs the two people involved can verify everything they need with the help of the bank, and complete the transaction on their own. No more waiting for a third party miner to calculate the block.
Value for the banks
Cryptocurrencies are viewed as a threat (though small) to traditional banking institutions, because they represent a future where the bank could be written out of the transactions. While there is a place for traditional crpytos to run wild, there is also a need to innovate for banks to keep up with the future. With Your Coin, the banks still take deposits, and still earn interest, and in return they share what information the users need, when they need it.
Your Coin will have a spot in your digital wallet
As long as a reputable financial company holds the keys, the users can trust that the coins they earn will be theirs to keep and use when they are ready.
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